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Steviet's Live Trades!

  • #3,361
  • Jun 4, 2008 11:31am Jun 4, 2008 11:31am
Well, the last week of May proved to be very difficult but still a good month all things considered

Jan 15th Start Balance $103529
Feb 29th Balance $107374 (no positions open)
March 28th Balance $121148 (no positions open)
April 30th Balance $121289 (6 positions open)
May 31st Balance $127273

Kind Regards
Steve
  • #3,362
  • Jun 4, 2008 11:34am Jun 4, 2008 11:34am
Aplogies for not replying sooner.

Firstly, welcome to Forex Factory

Your question about risk per trade - yes where I mention 2%, that is 2% of the equity at the time the trade is taken.

Hope this helps

Steve
Quoting leņador
Hello to everyone., I am new in this forum so i would like to say hi to all of you.
First at all, I may say "sorry" if any mistake in writting as I am from spain, and Englsih is not my first language.
Steviet....you are a Master, I discovered your forum couple of months ago and I have been reading and reading...Amazing what you are doing and very honorable you share with everyone tring to help people to make profit like you.
So far I am playing with Demo not being very profitable, I did a FOREX course in Madrid a couple of weeks ago....this was very good, they show us a system to operate based in Tecnical data. they follow as after the course, before they think we are ready for a real account. And they will support as for life. I am hoping to go into a real account in may be a couple of months.
I am trying to de-code your sistem to try to apply it to a demo, but just yet I did not manage to do so.
Just one question Stiviet...when you talk about the 2% of risk you take, you mean from your equity right?? So you calculate the 2% of Equity and that is your risk?
I hope you all donīt mind me interruptim like this in your forum . Hope you all accept me in here, to try to learm more and more from this new word called FOREX.
Congratulations to all of you as I think that you all have made a big bunch of friends. Amazing!!!!
  • #3,363
  • Jun 4, 2008 11:37am Jun 4, 2008 11:37am
Hey there Pluto

Thanks for popping in! I'm very well thanks - yourself?

Me? modest? surely not hahahaha. Stopped the pip counting and just post the balance these days. After all, I can spend dollars much easier than pips hehe

Kind Regards
Steve
Quoting Plutonite
Stevie! Just stopping by to say hello! It's been a while, how have you been? Looking forward to see those 'modest' thousand pip reports..
  • #3,364
  • Jun 4, 2008 1:21pm Jun 4, 2008 1:21pm
Quoting steviet
Aplogies for not replying sooner.

Firstly, welcome to Forex Factory

Your question about risk per trade - yes where I mention 2%, that is 2% of the equity at the time the trade is taken.

Hope this helps

Steve
Hi Steve,
When you say 2% - is that still calculated from the 1000pip sl.
So if 1 pip =$2 - 1000x$2 = 2% therefore equity would need to be $100,000 50 x $2000.
Rgds
Stew
  • #3,365
  • Jun 4, 2008 2:18pm Jun 4, 2008 2:18pm
That's right Stew - that is each individual trade and I may have a few positions open at any one time.

Since I've become more comfortable with my strategy I now use 6%, however I wouldn't recommend it until it almost becomes second nature.

The stop loss is really there as a disaster stop now because I haven't let a position get that far before netting off when I feel it's prudent to do so.

Hope this helps.

Kind Regards
Steve
Quoting stewrigh
Hi Steve,
When you say 2% - is that still calculated from the 1000pip sl.
So if 1 pip =$2 - 1000x$2 = 2% therefore equity would need to be $100,000 50 x $2000.
Rgds
Stew
  • #3,366
  • Jun 4, 2008 2:48pm Jun 4, 2008 2:48pm
I don't know whether you remember me or not, but i have been reading your thread for quite some time. On a much smaller scale, i am emulating your approach and your recommendation was to persevere. One month does not a successful business make, but i've been using the same method every day since May 1 and posting my results to my journal. My account is growing a little almost every day... and THAT is a new experience for me. Thank you for publishing your experience here. Your business plan has been a kind of template for mine.
  • #3,367
  • Jun 4, 2008 3:05pm Jun 4, 2008 3:05pm
Yes of course I do

Fantastic! I've been taking a sneaky peek at your journal and I see things are going well

Keep plugging away - you'll get bad days as well as good - we all do but the important thing is to stay focused and stick to your plan day in day out.

I love posts like these

Kind Regards
Steve
Quoting Gandolf
I don't know whether you remember me or not, but i have been reading your thread for quite some time. On a much smaller scale, i am emulating your approach and your recommendation was to persevere. One month does not a successful business make, but i've been using the same method every day since May 1 and posting my results to my journal. My account is growing a little almost every day... and THAT is a new experience for me. Thank you for publishing your experience here. Your business plan has been a kind of template for mine.
  • #3,368
  • Jun 5, 2008 8:07am Jun 5, 2008 8:07am
Hi Steve,

wow, your journal is the one that can sustain since 2006, congratulation!

BTW, may I know when you start your mini account on 2006, how big initial deposit? Hope u dont mind with such question.

best rgds,
  • #3,369
  • Jun 5, 2008 11:29am Jun 5, 2008 11:29am
Hi,

Thanks

I started trading live with just $200 and after becoming comfortable added $2000 towards the end of 2007.

I then jumped straight up to over $100,000 when my investor came along and seem to have made the transition OK.

To start with I just tried to ignore the extra zero's lol but I just keep doing what I know best and it seems to work for me

Kind Regards
Steve
Quoting MrForex123
Hi Steve,

wow, your journal is the one that can sustain since 2006, congratulation!

BTW, may I know when you start your mini account on 2006, how big initial deposit? Hope u dont mind with such question.

best rgds,
  • #3,370
  • Jun 6, 2008 1:25pm Jun 6, 2008 1:25pm
Hi Steviet,

congrats to you... this journal is very inspirational. Would you mind mentioning the key posts that gives the "latest & greatest" aspects of your strategy. Or if you prefer, would you be so kind as to give an outline of the strategy in the next post.

thanks so much...

Walt
  • #3,371
  • Jun 6, 2008 2:34pm Jun 6, 2008 2:34pm
Leave it with me Walt, I'll see what I can do over the weekend.

Just a word of warning - I'll outline my rules etc but a lot of what I do is discretionary and wouldn't be easy to just 'pick up and run with'. I've spent an awful lot of time studying these blessed charts, so much that it becomes second nature.

That doesn't mean I'm right all the time, far from it, but when I am wrong I don't panic (much haha) and look for ways to limit any immediate loss and buy myself some time to re-think.

Kind Regards
Steve
Quoting jones247
Hi Steviet,

congrats to you... this journal is very inspirational. Would you mind mentioning the key posts that gives the "latest & greatest" aspects of your strategy. Or if you prefer, would you be so kind as to give an outline of the strategy in the next post.

thanks so much...

Walt
  • #3,372
  • Jun 9, 2008 7:57am Jun 9, 2008 7:57am
Quoting steviet
Leave it with me Walt, I'll see what I can do over the weekend.

Just a word of warning - I'll outline my rules etc but a lot of what I do is discretionary and wouldn't be easy to just 'pick up and run with'. I've spent an awful lot of time studying these blessed charts, so much that it becomes second nature.

That doesn't mean I'm right all the time, far from it, but when I am wrong I don't panic (much haha) and look for ways to limit any immediate loss and buy myself some time to re-think.

Kind Regards
Steve
Hallo Steve and Walt!

To safe Steve some time for his trading and because I am a real fan of his GBPJPY method, here is a nice post from last december that I use for reference every now and then. Sorry for the late outing as a fan here!

Please klick here, Walt: #3052

Hope you both have an amazing week!
Ciao!
Matt
  • #3,373
  • Jun 9, 2008 10:19am Jun 9, 2008 10:19am
thanks Gnat...

Walt
  • #3,374
  • Jun 10, 2008 7:54am Jun 10, 2008 7:54am
Hi Steve,

Quick questions from last post's reference I saw that you were trading .02 precent of account balance is that still the case?

Thanks,
Jackie
  • #3,375
  • Jun 10, 2008 11:01am Jun 10, 2008 11:01am
This is my first post so please forgive my lack of lingo. I have been reading the posts for quite some time now and they have been so helpful... so now I am reaching out. I have been trading live for only a few months and so far I have been doing really well... until now. I went long on EU/US at 1.5786 with 2 lots (oh boy )... any thoughts? Take my losses or hold my position?
Thanks
  • #3,376
  • Jun 10, 2008 11:46am Jun 10, 2008 11:46am
Thanks for that Matt

What I still do is pretty much the same as it was then but if anyone needs anything clarifying, please ask.

Kind Regards
Steve
Quoting Gnat
Hallo Steve and Walt!

To safe Steve some time for his trading and because I am a real fan of his GBPJPY method, here is a nice post from last december that I use for reference every now and then. Sorry for the late outing as a fan here!

Please klick here, Walt: #3052

Hope you both have an amazing week!
Ciao!
Matt
  • #3,377
  • Jun 10, 2008 11:50am Jun 10, 2008 11:50am
Hi Jackie,

I now use 6% of account balance for the 1000 pip stop loss. I wouldn't recommend it to start with until one is absolutely comfortable with it though.

Since January I haven't had a stop loss hit, rather I close all open positions maybe once or twice a month when I feel it is prudent to do so. I then start the process all over again.

Kind Regards
Steve
Quoting coastalfx
Hi Steve,

Quick questions from last post's reference I saw that you were trading .02 precent of account balance is that still the case?

Thanks,
Jackie
  • #3,378
  • Jun 12, 2008 4:02pm Jun 12, 2008 4:02pm
hi steve

Quoting steviet
I now use 6% of account balance for the 1000 pip stop loss. Steve

6% per trade?

best regards.


ps: i miss someonelse posting results. I think it is to do not cause greed in newbies.
  • #3,379
  • Jun 13, 2008 1:06pm Jun 13, 2008 1:06pm
Hey Steve,

Just curious.. do you know the exact pip count that you achieved to make $30k in 6 months.

Brent
  • #3,380
  • Jun 15, 2008 3:52am Jun 15, 2008 3:52am
Hi Brent

OK, since mid January I took my initial balance of just over $103,500 to just over $127,000 by end of May. Initially started at around $4.50 a pip and currently at $7 a pip.

I've not had a great start to June but let's use those figures for sake of argument.

$23,500 profit at say $6 a pip average and I guess thats around 3900 net pips.

Hope this helps

Kind Regards
Steve
Quoting brxxt
Hey Steve,

Just curious.. do you know the exact pip count that you achieved to make $30k in 6 months.

Brent
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